Ameresco, Inc. $AMRC Shares Sold by American Century Companies Inc.

American Century Companies Inc. lessened its holdings in Ameresco, Inc. (NYSE:AMRC) by 21.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 593,211 shares of the utilities provider’s stock after selling 159,164 shares during the quarter. American Century Companies Inc. owned about 1.13% of Ameresco worth $7,166,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Ameresco by 1.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,593 shares of the utilities provider’s stock worth $977,000 after buying an additional 747 shares during the period. Alps Advisors Inc. increased its holdings in Ameresco by 2.2% in the 1st quarter. Alps Advisors Inc. now owns 50,285 shares of the utilities provider’s stock worth $607,000 after buying an additional 1,060 shares during the period. Deutsche Bank AG increased its holdings in Ameresco by 5.2% in the 1st quarter. Deutsche Bank AG now owns 35,265 shares of the utilities provider’s stock worth $426,000 after buying an additional 1,730 shares during the period. MetLife Investment Management LLC increased its holdings in Ameresco by 10.4% in the 4th quarter. MetLife Investment Management LLC now owns 20,535 shares of the utilities provider’s stock worth $482,000 after buying an additional 1,930 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in Ameresco by 6.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 30,273 shares of the utilities provider’s stock worth $711,000 after buying an additional 1,967 shares during the period. Institutional investors and hedge funds own 99.24% of the company’s stock.

Ameresco Stock Down 2.0%

Shares of AMRC opened at $24.61 on Thursday. Ameresco, Inc. has a 52-week low of $8.49 and a 52-week high of $39.68. The company has a market capitalization of $1.29 billion, a PE ratio of 21.03, a price-to-earnings-growth ratio of 1.25 and a beta of 2.27. The stock has a fifty day simple moving average of $18.72 and a two-hundred day simple moving average of $15.21. The company has a quick ratio of 1.54, a current ratio of 1.56 and a debt-to-equity ratio of 1.55.

Ameresco (NYSE:AMRC) last issued its earnings results on Monday, August 4th. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.21. Ameresco had a return on equity of 7.00% and a net margin of 3.34%.The business had revenue of $472.28 million during the quarter, compared to the consensus estimate of $415.30 million. During the same period last year, the company earned $0.10 EPS. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. Ameresco has set its FY 2025 guidance at 0.700-0.900 EPS. As a group, equities analysts forecast that Ameresco, Inc. will post 1.15 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on AMRC shares. Wall Street Zen downgraded shares of Ameresco from a “hold” rating to a “sell” rating in a report on Saturday, July 12th. Canaccord Genuity Group increased their target price on Ameresco from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, May 6th. Piper Sandler set a $21.00 price objective on Ameresco and gave the company an “overweight” rating in a research note on Tuesday, May 6th. Stifel Nicolaus reduced their price objective on Ameresco from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Monday, May 12th. Finally, Jefferies Financial Group increased their price objective on Ameresco from $11.00 to $19.00 and gave the company a “hold” rating in a research note on Wednesday, July 23rd. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $20.33.

Ameresco Profile

Ameresco, Inc, a clean technology integrator, provides a portfolio of energy efficiency and renewable energy supply solutions in the United States, Canada, Europe, and internationally. It operates through U.S. Regions, U.S. Federal, Canada, Europe, Alternative Fuels, and All Other segments. The company offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions for businesses and organizations.